MILLICOM CEO PRESENTS AT MORGAN STANLEY TMT CONFERENCE IN BARCELONA

MILLICOM CEO PRESENTS AT MORGAN STANLEY TMT CONFERENCE IN BARCELONA 

New York and Stockholm - 19 November, 2008 - Millicom International Cellular
S.A. (Millicom) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC), the
global telecommunications company, today announces that Marc Beuls, President
and CEO of Millicom will this morning present to investors at the Morgan Stanley
8th Annual Technology, Media and Telecoms Conference in Barcelona.

Mr Beuls' presentation has been posted on Millicom's website at www.millicom.com
and includes updated information on expected capital expenditures, cashflow and
margins.


CONTACTS

Marc Beuls
President and Chief Executive Officer
Millicom International Cellular S.A., Luxembourg
Telephone:  +352 27 759 327

Andrew Best
Investor Relations
Shared Value Ltd, London
Telephone:  +44 7798 576 378

Visit our web site at http://www.millicom.com 

Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in 16 countries in Asia, Latin America and Africa. 
It also operates cable and broadband businesses in five countries in Central
America.  The Group's mobile operations have a combined population under license
of approximately 291 million people.

This press release may contain certain “forward-looking statements” with respect
to Millicom's expectations and plans, strategy, management's objectives, future
performance, costs, revenues, earnings and other trend information.  It is
important to note that Millicom's actual results in the future could differ
materially from those anticipated in forward-looking statements depending on
various important factors.  Please refer to the documents that Millicom has
filed with the U.S. Securities and Exchange Commission under the U.S. Securities
Exchange Act of 1934, as amended, including Millicom's most recent annual report
on Form 20-F, for a discussion of certain of these factors.

All forward-looking statements in this press release are based on information
available to Millicom on the date hereof.  All written or oral forward-looking
statements attributable to Millicom International Cellular S.A., any Millicom
International Cellular S.A. employees or representatives acting on Millicom's
behalf are expressly qualified in their entirety by the factors referred to
above. Millicom does not intend to update these forward-looking statements.